Global Laboratory Freezers Market Opportunities And Strategies For Major Players In The Laboratory Freezers Market 2021-2030

23 Aug, 2021

The laboratory freezer market consists of revenues generated by the companies that are engaged in selling and manufacturing of laboratory freezer products and related services which are used to store blood samples, medicines and injections, and others for a long period of time.

Global Laboratory Freezers Market Size And Drivers:

The global laboratory freezer market reached a value of nearly $3,664.2 million in 2020, having increased at a compound annual growth rate (CAGR) of 6.9% since 2015. The market is expected to grow from $3,664.2 billion in 2020 to $5,914.8 million in 2025 at a rate of 10.1 %. The growth is mainly due to the increasing demand for blood & blood components which is expected to drive the demand for laboratory freezer. The market is expected to grow from $5,914.8 billion in 2025 to $7,511.8 million in 2030 at a CAGR of 4.9%. Rise in demand for blood and blood components is expected to drive market growth for laboratory freezers in the forecast period.

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Trends In The Global Laboratory Freezers Market

Companies in the laboratory freezers market are increasingly adopting connected service features to control the freezers and increase operating efficiency. These connected service features would provide technical support with digital remote support tools, priority on-site support, annual preventive maintenance, and help in collecting and monitoring key performance data. For instance, in October 2020, Thermo Fisher Scientific, a US-based company offering scientific instrumentation, reagents, and consumables, and software, launched the Thermo Scientific Smart Connected Services feature that will collect and monitor key performance data of the connected TSX Series ULT Freezers to drive optimal sample and product protection.

Global Laboratory Freezers Market Segments:
The global laboratory freezers market is further segmented based on temperature, end user and geography.
By Temperature: -20°C To -40°C, -40°C To -80°C, Less Than -80°C
By End User: Biobanks And Blood Banks, Pharmaceutical And Biotechnology Companies, Hospitals, Pharmacies And Diagnostics Centers
By Geography: The global laboratory freezers market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the laboratory freezer market, accounting for 35.5% of the total in 2020.

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Laboratory Freezers Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides laboratory freezers market overviews, analyzes and forecasts market size and growth for the global laboratory freezers market, laboratory freezers market share, laboratory freezers market players, laboratory freezers market segments and geographies, laboratory freezers market’s leading competitors’ revenues, profiles and market shares. The laboratory freezers market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.